Binance announces next Launchpool project

The 47th Launchpool project has been announced by Binance Exchange, which has recently released a number of Launchpool tokens, including XAI, ACE, and NFP. For a week, Portal (PORTAL), a cross-chain gaming platform, can be won with BNB and FDUSD stakes through Binance.

Binance announces next Launchpool project

Portal (PORTAL) was announced by Binance Exchange as its new Launchpool project. Today, at 03.00, users started staking their BNB and FDUSD.

Users will be able to earn PORTAL tokens by staking BNB and FDUSD for 7 days.

After this staking process, the public listing on Binance will start on February 29 at 13.00 CET. The token will be listed with five trading pairs: PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD, and PORTAL/TRY.

Although the PORTAL project decided that a total of 50 million PORTAL tokens will be distributed as rewards, split between the BNB and FDUSD pools. There will be 167 million 134 thousand tokens in circulation when the token becomes available for general listing.

The BNB pool will receive 40 million PORTAL (80% of rewards) while the FDUSD pool gets 10 million tokens (20% of rewards).

Several times every hour, Binance will take screenshots of users’ assets and then calculate distributes according to them.

Users will have the option to split up their FDUSD or BNB into several pools. For example, a user with 10 BNBs will be able to put 5 BNBs into separate pools. However, the same BNBs cannot be put into different pools.

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